Placer County Average Price per SQFT and For Sale vs. Sold - Stats thru July 2016

Below are two graphs that illustrate what our market has been doing.  August will be similar, maybe even a spike in solds as I know there where people scrambling out there to close escrow and get their kids into school.
Values might be peaking again!  This time of year the market tends to change as we head into fall/winter.   If the feds push up rates like they probably should then that will directly effect the monthly payments of borrowers.  We're in the mist of a crazy election year.  Uncertainty is in the air.  The stock market fells like a fugazi, not putting my money there.  At least real estate is tangible and people always need a place to live.  We're still in a good market when rents will cover a mortgage payment.
Our inventory has increased.  This should help to stabilize the market.  A health market has around 3 months of inventory and we've been well below that.
I have 3 listing coming on the market next week.  1 in Roseville, priced at $379,900, 2200 sqft.  That's $172 a sqft.  1253 Cresendo Dr.
Another listing in Antelope 4229 Cougar Hills Dr.  1900 sqft priced at $339,000.  Just been updated, floors, baths, kitchen...
Lastly a nice house in Folsom, broadstone area.  450K.

If you have any real estate questions or looking to buy or sell, feel free to give me a call.

Chad M Phillips Broker Assoc. (Lic: 01405825)
RE/MAX Gold (Lic: 00983982)
2998 Douglas Blvd., #125
Roseville, CA 95661
Primary: 916-390-1476 Secondary: 916-218-7500
http://www.realestate-roseville.com

from the buyers prosective

Here we are May 9th 2016.  The real estate market is continuing to rally.  We're seeing a shortage of inventory in almost all areas, from Natomas to Auburn.  If you want a single story with a pool your search just got harder.
I have a VA buyer that has been trying for 6 months to get into contract unsuccessfully.   It's not for the lack of offers or price, it's just been touch to make a VA offer as attractive as an over asking all cash close in 8 days offer as we just lost out to.
Timing is everything!  I've been able to get some folks into contract in Roseville and Rocklin simply by being strong in off the gate.  Some sellers don't want to deal with open houses and people going thru their house.  Day 1 on the market full price, and wrap it up.  Other sellers will play the game, they're "out of town" and wait for multiple offers to work with.  It's important not to get wrapped up in the craziness as a buyer and go with what you're comfortable paying.
If you have time to shop for a home then it will give you an advantage.  As this is a sellers market, you want to try and play to your strengths.  If you really like a property and there's other offers, then you're looking at a bidding war, over asking or more...
There are other ways to make an offer to buy a house strong, other than just price.  If you shorten your inspection period, or increase the deposit, or quick close can all be factors to help in locking down a property.  We're beginning to see some buyers go as aggressive as paying the difference of the purchase price and appraisal if it comes in low.  There's also closing costs that a buyer can take on to help the sellers bottom line.  The best thing you can do as a buyer is to find an agent who's been in the business for a while and has a good reputation.  Often times I've worked with these listing agents before and I'm able to get useful info in order to get you the deal.  I just has one where my buyers loved a property and we missed it.  The listing agent is a buddy of mine and he let me know that it was falling out of escrow, I slid my buyer right in there without fighting any other buyers.
Having a strong reliable lender is also key.  I have several local lenders here in Roseville, CA that I can recommend you talk to.
If you want to get started, give me a call to discuss!
Thanks,

Chad Phillips
Re/Max Gold
916-390-1476

Roseville and Rocklin Real Estate Update: 3/1/16

Technically it's not spring yet, but the buyers are out.   I'd say it's another normal cycle, always seems to pick up this time of year.   Our market is being driven onward and upward.  In just the past couple weeks we're seeing a spike in activity.  Multiple offers again, and not just on the low end properties.  We're seeing homes in the 800's getting multiple offers driving the price over asking.  There are several homes I'm referring to here and they were on the market this past winter, not selling now all pending.  The medical field is helping our local economy.  Kaiser is hiring and recruiting.  I have a buyer coming out from Ohio, Scottsdale and the bay area folk see our market as affordable.  My real estate market forecast for Placer county might be changing.  In January I was thinking that we'll get a flood of inventory and prices will correct; however, it seems we might just have enough influx of buyers to keep this going.

Chad Phillips
Re/Max Gold
916-390-1476

Low Inventory

There is a good chance you’ve been hearing about the hot the real estate market. Like many Roseville homeowners you might be considering a move but you’ve been waiting for the right time. As a real estate professional I’m thrilled to report a positive outlook for those who are thinking about selling.  I've been encouraging some of my clients to get listed before the typical spring time.  With values up, we might see a flood of inventory come spring; thus, effecting the supply/demand.  Below are statistics that indicate it may be a sellers market.
 - According to the Association of Realtors inventory of available homes has decreased 3.3 percent from December of 2014 to December of 2015. In December of 2015 there was a 5 month supply of homes, this is below the 6 month supply that many real estate professionals consider normal. - The number of homes sold according to the National Associations for Realtors was 3.8 percent lower in 2015 than 2014, this is due in part to the lower number of homes available for sale. Typically when there are fewer homes for sale it is considered a sellers market.
 - Additionally the National Associations of Realtors reported that single family home prices nationwide have risen 6.3 percent in 2015. I am sharing this information with you because inventory in Roseville and Rocklin is low, and I am hearing from agents and prospective buyers that they just can’t find what they are looking for.   Contact me for a detailed CMA and marketing plan to get you top dollar.

-Chad Phillips
Re/Max Gold Roseville, CA
916-390-1476
www.realestate-roseville.com

Roseville Real Estate: Home prices in 35% of major metro areas hit all-time high in 2015 | 2015-12-03 | HousingWire

RealtyTrac: Home prices in 35% of major metro areas hit all-time high in 2015 | 2015-12-03 | HousingWire



We're expecting spring 2016 to be a busy time selling homes in the Roseville / Rocklin area.  I've talked to other brokers who have their pipeline ready to put houses up for sale soon.

Chad M Phillips Broker Assoc. (Lic:
01405825)

RE/MAX
Gold (Lic: 00983982)

2998 Douglas Blvd., #125

Roseville, CA 95661

Primary: 916-390-1476 Secondary: 916-218-7500

http://www.realestate-roseville.com

Real estate update for Sacramento and Placer County

Here's a quick and easy way to visualize what our real estate market is doing here in Sacramento and Placer county.  We noticed a decline in sales out there in October and that has continued to November.  The number of sold homes has declined; however, pendings were up. I think we have a mix of both the market correcting itself and a normal cyclical slow down as we head into the holidays.   We should see improved values YTD for next year. With the market cool down, I've instructed several sellers to hold off selling until spring. If you're a buyer, now's a great time to get out there and score a deal.  More than likely we'll be able to negotiate a good deal, especially with a motivated seller.  Give me a call! Chad M Phillips Broker Assoc. (Lic: 01405825) RE/MAX Gold (Lic: 01215931) 2998 Douglas Blvd., #125 Roseville, CA 95661 Primary: 916-390-1476 Secondary: 916-218-7500 http://www.realestate-roseville.com       October-15 Median Sold Price of Existing Single-Family Homes Sales State/Region/County Oct-15 Sep-15   Oct-14   MTM% Chg YTY% Chg MTM% Chg YTY% Chg   Placer  $394,720 $392,820   $380,170   0.5% 3.8% -4.9% 3.3% Sacramento $292,150 $289,760   $270,150   0.8% 8.1% -6.3% 7.7%

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Roseville and Rocklin average price per sqft

Placer county real estate update for Roseville and Rocklin

Average price per sqft chart below

September stats came out and data is showing us that the market has leveled off over the past 6 months.  The average price per sqft is right around 203.  Other data such as the inventory / houses sold, correlate and show a consistent trend in the marketplace.  Since we're nearly 2 months beyond this data I can tell you that we've seen things slow down.  It's typical this time of year heading into the holidays.

We're seeing this winter as a good time for buyers.  The ability to negotiate and get a deal is looking more and more promising since the days on market average is 2-3 months.  A savvy buyer will hunt down that motivated seller and get the house they want at a deal.

I'm not sure about the economy as a whole.  I have been thinking the stock market was going to crash again, but now I'm not so sure.  I'd feel much more confident investing in real estate, buying a house in Roseville or Rocklin will certainly be a good purchase long term.  A property is  tangible and unique.  I had money set aside to invest in the stocks, just too scared to pull the trigger.  I'm sticking to what I know, and I know real estate.

Chad M Phillips Broker Assoc. (Lic: 01405825)
RE/MAX Gold (Lic: 00983982)
2998 Douglas Blvd., #125
Roseville, CA 95661
Primary: 916-390-1476 Secondary: 916-218-7500
http://www.realestate-roseville.com